Jacquet Metals reports net income, group share, of 44 million euros for the first three months of 2023, compared with 63 million a year earlier, and recurring EBITDA of 77 million, or 11.1% of sales versus 14% in the first quarter of 2022.

Its gross margin contracted by 2.6 points to 25%, and sales fell by 4.4% to 692 million euros, with the Group observing 'a weakening in demand and prices at the start of 2023, which is likely to intensify in the second quarter'.

The special metals distributor will pursue its investment and development policy in an environment of reduced visibility. Its Board of Directors will propose a dividend of one euro per share at the AGM on June 30.

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